Zillow Group, Inc. (NASDAQ:ZG) Director Gordon Sheridan Stephenson Sells 10,000 Shares

Zillow Group, Inc. (NASDAQ:ZG) Director Gordon Sheridan Stephenson sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the sale, the director now owns 28,290 shares in the company, valued at $1,999,820.10. This represents a 26.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Trading Down 0.0%

Zillow Group stock opened at $67.22 on Friday. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The stock has a fifty day simple moving average of $66.00 and a two-hundred day simple moving average of $71.43. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of -143.02, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The business had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of Zillow Group

A number of institutional investors have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Zillow Group in the first quarter worth $42,000. Finally, CX Institutional purchased a new stake in shares of Zillow Group during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Benchmark lowered their price objective on Zillow Group from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, March 28th. KeyCorp lowered their price target on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, William Blair began coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.80.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.